1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lesantik [10]
3 years ago
7

Which of the following is a major difference between Internet banks and traditional banks? The government does not regulate Inte

rnet banks. Traditional banks are prohibited from having ATMs. Internet banks have lower overhead costs. Traditional banks offer less personal care and attention to customers.
Business
1 answer:
Aloiza [94]3 years ago
3 0

Answer:

Internet Banks have lower overhead costs.

Explanation:

Online Banks and traditional banks are basically the same with the main difference being that Internet Banks have lower overhead costs. These are costs on the income statement usually including accounting fees, advertising, insurance, interest, legal fees, labor burden, rent, repairs, supplies, taxes, telephone bills, travel expenditures, and utilities. Since Internet Banks do not need many physical locations they save on many of these overhead fees.

You might be interested in
The management accountant at light manufacturing oversees the​ company's dayminustominusday operations at the firm. the manageme
mariarad [96]

The above is an example of directing

Directing is one of the responsibilities of a management accountant. It involves governing the operations of a company in a particular direction. It is a process through which the manager guides the performance of workers to achieve set goals.

4 0
3 years ago
Callaway Golf Co. leases telecommunication equipment from Photon Company. Assume the following data for equipment lease form Pho
inessss [21]

Answer:

This lease is  regarded and classified  as Capital lease.

Explanation:

This lease is  regarded and classified  as Capital lease.

Here, Callaway Golf Co. is the body financing the leased asset but the right ownership is with Photon Company.

Now; the present value of future payment is calculated as:

Present value of future payment =[PVA 6%,5 × Annual payment ]+[PVF 6%,5 × Residual value]

=[4.46511 × 31000] +[0.74726 × 15500]

= 138418.27+ 11582.53

= 150000

However the present value of minimum lease payment is equal or more than 90% fair market value ,as such we therefore conclude that this  lease is a capital lease.

3 0
3 years ago
When marketers _____, they take into account the fact that customers are different, customers change, competitors change and rea
butalik [34]

Answer:enter into the strategic marketing process

Explanation:

4 0
2 years ago
Which of the following actions is a good example
Kisachek [45]

Answer:

A,B,C

Explanation:

3 0
3 years ago
The value of ending inventory rounded to nearest dollar using average cost
Sveta_85 [38]
The answer is: $1,263.14
5 0
3 years ago
Other questions:
  • Effie company uses a periodic inventory system. details for the inventory account for the month of january, 2013 are as follows:
    8·1 answer
  • Jerzy wants to keep his overall costs down and to enter into the international marketplace slowly and carefully. He is consideri
    12·1 answer
  • The two characteristics of a competitive market are 1) many buyers and sellers in the market and 2) the goods offered by the var
    14·1 answer
  • Estate settlement is provided by banks through
    6·2 answers
  • Bonds were retired during 2016 at face value, plant and equipment were acquired for cash, and common stock was issued for cash.
    6·1 answer
  • Seymour Corporation manufactures batons. Seymour can manufacture 300,000 batons a year at a variable cost of $750,000 and a fixe
    9·1 answer
  • What forms can firms take?
    14·2 answers
  • On September 18, 2019, Rose Company purchased 11,800 shares (14%) of Wozniak, Inc. stock for $42 per share. The market value of
    10·1 answer
  • Your company sells consulting services in legal forecasting to multinationals studying foreign market entries. In some countries
    13·1 answer
  • Who benefits from deducting the amount paid in state income tax from their income for purposes of computing federal income tax?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!